September Market Update: A Surge in Sellers, Sales, and Stable Mortgages š”
As we head into the autumn months, the property market continues to evolve, offering new opportunities for buyers and sellers alike. Hereās the latestā¦
As we head into the autumn months, the property market continues to evolve, offering new opportunities for buyers and sellers alike. Hereās the latest:
Property Prices Edge Up by 0.8% š- A steady rise in average property prices, reflecting continued demand.
New Sellers Up by 14%- More homeowners are entering the market, with a significant 14% increase in new listings compared to last year.
Sales Agreed Climb by 27%- Buyers are making moves, with a 27% increase in the number of sales being agreed.
Average 5-Year Fixed Mortgage at 4.67%- Mortgage rates are stabilising, providing more certainty for buyers looking to lock in a deal.
Time to Sell: 60 Days- On average, itās taking around 60 days for properties to find a buyer, offering a balanced pace for transactions.
What do these shifts mean for your property plans? š